As ministers urge striking unions not to attempt to match rising inflation, a 2,9% salary raise for members of parliament is likely for the spring.
Pay for politicians is linked to figures for public sector earnings that were published today.
In April, salaries would increase by 2.9%, from £84,144 to £86,584, and peers’ tax-free daily “attendance allowance” would presumably increase by the same amount, to £342.
Ipsa will not confirm the pay raise for members of parliament until the New Year and has the ability to change the amount.
The figure emerged amid a wave of public sector strikes as unions demand eye-watering rises. The RMT has stated that wages should be in accordance with the current inflation rate of 10.1%, whereas nurses have demanded 19%.
After the credit crunch, Ipsa was handed control over legislators’ wages, and the watchdog has tied raises to a precise indicator for the October change in average public sector earnings. The ONS will announce this number in two weeks.
After the credit crunch, Ipsa was handed control over legislators’ wages, and the watchdog has tied raises to a precise indicator for the October change in average public sector earnings.
The House of Lords has agreed to employ the same uprating as the House of Commons. This might result in a daily allowance increase from £332 to £342 for peers, who do not typically receive a salary.
Pay was declining at the highest rate in 13 years, according to ONS data, prompting the possibility of a pay raise.
Taking into account CPI inflation, official data for the quarter ending in October revealed a decline in total salaries of 3.9% annually, notwithstanding the prevalence of strikes throughout the nation.
This was the lowest number since the aftermath of the credit crisis in 2009. In the meantime, the unemployment rate rose to 3.7%, and there are indications that struggling older workers are returning to the job market.
The percentage of economically inactive individuals declined by 0.2 percentage points. The tightness of the labor market is reflected by the minor decline in the number of job openings, although they remain historically high.
With 417,000 days missed, October was also the worst month for industrial action in more than a decade.
The Chancellor of the United Kingdom, Jeremy Hunt, stated that the bleak data demonstrate the need for ‘tough decisions’ and cautioned that demanding astronomical wage raises will just “entrench inflation” and “prolong the misery for everyone.”
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